Alcazar Secures $436 Mn European Financing for 500 MW Wind Power Projects in Egypt

European lenders back Dubai fund with $436 million for $626 million Egyptian wind farms set to power 1.2 million homes

European development lenders have committed $436 million to two wind farms being developed by Dubai-based Alcazar Energy Partners in Egypt, unlocking construction of projects expected to supply electricity equivalent to the annual consumption of approximately 1.2 million homes.

Alcazar Energy Mobilises Over US$1 Billion For 500 MW Wind Projects And Egypt’s Energy Security

Alcazar Energy Partners has mobilised over US$1 billion for Egypt’s renewable energy sector through two 250 MW wind projects and a separate privatisation agreement. Financed partly by European development institutions, Niat and Rasgha are expected to operate by 2028, generating 2.3 TWh annually, avoiding 1.1 million tonnes of emissions and strengthening Egypt’s energy security.

Alcazar Secures $436 Mn European Financing for 500 MW Wind Power Projects in Egypt

The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and Germany's DEG are each providing one-third of the financing for the Niat and Rasgha wind farms

Niat and Rasgha wind farms in Egypt secure $436 million project financing

Dubai-based renewable energy investor Alcazar Energy Partners has secured $436 million in debt financing for the development of the Niat and Rasgha wind farm projects in Egypt. The projects, located on the Egypt’s Red Sea coast, are part of the country’s renewable energy infrastructure expansion. The Niat and Rasgha wind farm projects have a combined […]